Wisconsin native, conservative critic of everything.
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"Once abolish the God, and the government becomes the God." ---G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"Fallacies do not cease to be fallacies because they become fashions" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling

Tuesday, February 23, 2010

ObamaCare 3.1 Will Cost $750Bn or So in New Taxes

Plenty of tax hikes and cost-increases in that 10-year plan of Barry's. That's if you believe the numbers he's using--which is foolish--and if you actually believe that the spending will go according to plan, which means you live under a rock.

Apply Medicare tax to unearned income ($334 billion): Would apply the current 2.9 percent Medicare tax rate to unearned income in households earning at least $200,000 or $250,000 married (interest, dividends, capital gains, rent, royalties, and passive investment in pass-throughs like S-corporations and partnerships)

Innovator medicine company tax ($22 billion): $2.3 billion annual tax on the industry imposed relative to share of sales made that year